Mortgage rates trend higher

Long-term mortgage interest rates were up Thursday, and the benchmark 10-year Treasury bond yield dropped to 4.79 percent. The 30-year fixed-rate average inched up to 6 percent, and the 15-year fixed-rate rose to 5.37 percent. The 1-year adjustable was up slightly at 3.5 percent. The 30-year Treasury bond yield decreased to 5.47 percent. Rates are current as of 7:15 p.m. Eastern Standard Time. Mortgage rate figures are according to Bankrate.com, which publishes nightly averages based on its survey of 4,000 banks in 50 states. Points on these mortgages range from zero to 3.5. In other economic news, the Dow Jones Industrial Average was up 41.66 points, or 0.4 percent, finishing at 10,410.1. The Nasdaq was up 9.26 points, or 0.47 percent, closing at 1,999.87. Stock and bond figures are current as of 7:30 p.m. Eastern Standard Time. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....